Tony Spring will take the helm at Macy’s, Inc. on February 5 as CEO, succeeding Jeff Gennette, who is retiring as chief executive officer after 40 years at the company.
Gennette will continue as chair of the Macy’s Board of Directors until its 2024 Annual Meeting when Spring will take the helm as chair during the meeting.
A key Macy’s, Inc. Executive Leadership Team member, Spring has reportedly been instrumental in Macy’s transformation. He has been the retailer’s president and CEO-elect for the past year, leading its digital, customer, merchandising, and brand teams and overseeing Bloomingdale’s and Bluemercury.
During his 36 years at Bloomingdale’s, Spring was reportedly a “customer-focused innovator known for his exceptional brand-building and merchandising talents.” As chairman and CEO of Bloomingdale’s, he “drove the nameplate’s success, which delivered its highest sales volume and record customer engagement in 2022.” He also repositioned Bluemercury into a “vibrant and growing nameplate” for the company.
Spring is a member of the National Retail Federation’s Executive Committee and the board chair for the National Retail Federation Foundation. He also serves on the board of directors of the Juvenile Diabetes Research Foundation’s Greater New York City Chapter and the Hospital for Special Surgery Advisory Board.
“Tony is the ideal CEO to build on our momentum and lead Macy’s, Inc. into the future. He has only added to his many contributions in advancing the company’s strategies over the past year as president and CEO-elect after having delivered strong results during his tenure leading Bloomingdale’s and overseeing Bluemercury. In addition to building brands and consistently innovating for the customer, Tony has strengthened our culture through his leadership and is committed to talent development,” offered Gennette.
“It’s been a privilege to serve Macy’s, Inc. over the past 40 years and I’m proud of the exceptional work of our colleagues in serving our customers and continuing to strengthen the company’s operational and financial foundation. I look forward to continuing to work alongside Tony and our other fellow directors in the coming months in my role as chair of the board,” concluded Gennette.
Spring commented, “I am excited to take on the role of CEO of Macy’s, Inc. and to apply my over three decades of experience with our nameplates to build on this strong foundation and lead our company forward. Alongside the Macy’s, Inc. leadership team, we will remain focused on driving innovation, fostering profitable sales growth, and delivering value for our shareholders while strengthening our position as our customers’ trusted source for quality brands.”
Paul C. Varga, lead independent director of the Macy’s, Inc. Board, said, “Tony is a proven, results-oriented leader, and we are confident he will lead Macy’s, Inc, into its next phase of growth and deliver value for shareholders. Additionally, on behalf of the board, I want to thank Jeff for his unwavering leadership over many decades to Macy’s, Inc. We look forward to continuing to benefit from Jeff’s ongoing contributions and leadership through the duration of his tenure as chair of the board.”
Images courtesy Macy’s, Inc.
